We are fast approaching the fiscal cliff and there is great concern about the impact it will have on our economy. Business owners worry about loss in cash flow and the ability to purchase needed supplies. Establishing a line of credit with vendors is one way to ensure the business will have the supplies it needs.
Unfortunately, vendors are feeling the stress of the economy as well and small business owners may find it more difficult to be approved for credit. This is especially true for newer businesses that have not had the opportunity to develop a good credit rating. If you are looking to establish credit with vendors, here are some tips:
- Start Small: It takes time to build trusting relationships. Do not ask for too much too soon. Prove your credit worthy by creating a pattern of timely payments.
- Share Documentation: Vendors will want to see objective proof that you are credit worthy. Have documents available for the vendor to review. Ask other business owners that you have relationships with for a letter of recommendation.
- Get Personal: Before looking for credit to be extended, take time to review your personal credit reports and ensure their accuracy. Have corrections made if needed.
SSC loans for small businesses guaranteed by the Business Administrations. With our multiple SBL funding programs, get a minimum loan amount of $5000.00 - $5M provided through an SSC private lender. The three main SBL loan programs let you borrow money for nearly any business purpose—including working capital, purchasing inventory or equipment, refinancing other debts, or buying real estate—through these SBL-guaranteed loans. Long term of up to 5 - 25 years with an interest rate of 2.5%.
ReplyDeleteCONTACT US:
Address: 12 Park Dr. Mayfair, Johannesburg, South Africa
Phone: +27 60 316 8072
Email: Contact Us
Website: Small Business Loans
HOW Pedro Jerome GRANTED ME A BUSINESS LOAN!!!
ReplyDeleteHello everyone, I am Arnnette Speak from the USA and want to use this medium to express gratitude to Pedro Jerome for fulfilling his promise by granting me a loan, i was stuck in a financial situation and needed to refinance and pay my bills as well as start up a Business. I tried seeking for loans from various loan firms both private and corporate organizations but never succeeded and most banks declined my credit request. But as God would have it, i was introduced by a friend named Esther to Pedro Jerome LOAN FIRM and undergone the due process of obtaining a loan from the company, to my greatest surprise within 48hrs just like my friend Esther said, i was also granted a loan of $387,000.00 USD; So my advice to everyone who desires a loan, "if you must contact any firm with reference to securing a loan online with low interest rate of 3% and better repayment plans/schedule, please contact Pedro Jerome LOAN FIRM. Besides, he doesn't know that I am doing this but due to the joy in me, I'm so happy and wish to let people know more about this great company who truly gives out loans, it is my prayer that GOD should bless them more as they put smiles on peoples faces. You can contact them via email on {pedroloanss@gmail.com / whatsapp text: +1 863 231 0632 }